Global Green Concrete Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Green Concrete Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global green concrete market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global green concrete market size reached US$ 29.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 49.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.8% during 2023-2028.
Eco-friendly concrete, commonly referred to as green concrete, stands out as a forward-thinking construction material designed to minimize its environmental impact across its entire lifespan. This innovative approach involves incorporating alternative cementitious materials such as fly ash or slag, which boast lower energy requirements in comparison to the conventional Portland cement. This not only reduces carbon dioxide emissions during the production process but also contributes to heightened durability and resilience against environmental elements. The result? Structures that endure for extended periods with diminished maintenance needs. Particularly beneficial for industrial facilities, green concrete can withstand heavy machinery and equipment, simultaneously cutting down operational costs through improved energy efficiency. With its ability to decrease landfill waste and promote resource conservation, the global demand for green concrete is on the rise.
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Global Green Concrete Market Trends and Drivers:
The increasing awareness about climate change and its consequences is leading to the rising focus on reducing the carbon footprint of construction projects. The ability of green concrete to lower carbon dioxide emissions during production aligns with global efforts to combat climate change. Besides this, the construction industry is shifting towards sustainable building practices to meet the demand for green and energy-efficient structures. Green concrete, with its durability and eco-friendly attributes, fits seamlessly into this trend, which is propelling the growth of the market. Moreover, reduced energy consumption, lower maintenance costs, and longer-lasting structures are making green concrete an attractive option for developers and builders. In line with this, green concrete aligns with corporate sustainability goals, making it a preferred choice for commercial and industrial developments. Additionally, Leadership in Energy and Environmental Design (LEED) certification is becoming a symbol of environmentally responsible buildings. Green concrete contributes significantly to earning LEED points, encouraging its use in green building projects. Furthermore, ongoing research and development (R&D) activities are improving the performance and versatility of green concrete. Innovations in materials and production techniques are expanding the applicability of green concrete across various infrastructures, which is bolstering the market growth.
Global Green Concrete Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
ACC Limited, BASF SE, CEMEX S.A.B. de C.V., Chryso (Compagnie de Saint-Gobain S.A), Flyocrete Green Concrete LL, Heidelberg Cement., LafargeHolcim Ltd., Mapei S.p.A., etc.
The report segmented the market on the basis of region, type, design, and application.
Type Insights:
- Fly Ash Concrete
- Ground Granulated Blast-Furnace Slag Concrete
- Silica Fume Concrete
- Others
Design Insights:
- Plain Cement Concrete
- Reinforced Cement Concrete
- Pre-Stressed Cement Concrete
Application Insights:
- Commercial
- Residential
- Infrastructure
Regional Insights:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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